But, There’s No Inflation!
That’s what the government leaders keep telling us. Zero Hedge and the grocery shoppers know differently. Hat Tip to Zero Hedge for cataloging these increases since 2002:
· Eggs: 73%
· Coffee: 90%
· Peanut Butter: 40%
· Milk: 26%
· A Loaf Of White Bread: 39%
· Spaghetti And Macaroni: 44%
· Orange Juice: 46%
· Red Delicious Apples: 43%
· Beer: 25%
· Wine: 60%
· Electricity: 42%
· Margarine: 143%
· Tomatoes: 22%
· Turkey: 56%
· Ground Beef: 61%
· Chocolate Chip Cookies: 39%
The damage doesn’t stop there. The cost of everything from healthcare to college tuition is soaring. Heck, even the new Twinkies are smaller, but cost the same (a “hidden” price increase).
Yeah, Ice cream packaging is smaller. A real half-gallon doesn’t exist anymore. Oil is now above $105 so our gasoline will go over $4.00. Wait until health premiums are announced.
In the meantime, GDP is barely positive using the government inflation numbers. Using real inflation, we’d see negative growth.
Source: http://www.movermike.com/2013/07/16/but-theres-no-inflation/
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